The trade-growth nexus in the developing countries: a quantile regression approach |
| |
Authors: | Gilles Dufrenot Valerie Mignon Charalambos Tsangarides |
| |
Institution: | (1) University of Aix-Marseille, DEFI and CEPII, Chateau La Farge, Route des Milles, 13290 Les Milles, Aix en Provence, France;(2) University of Paris Ouest, EconomiX-CNRS and CEPII, 200 avenue de la Republique, 92001 Nanterre cedex, France;(3) IMF, Research Department, 700 19th Street, N.W., 20431 Washington DC, USA |
| |
Abstract: | This paper applies quantile regression techniques to investigate how the impact of trade openness on the growth rate of per
capita income varies with the conditional distribution of growth. Using formal robustness analyses, we first identify robust
variables affecting economic growth (investment, government balance, terms of trade, inflation, and population growth) which
we then use as controls in the quantile regression estimations. Our findings suggest a heterogeneous trade-growth nexus: for
both the short and the long run, the effect of openness on growth is higher in countries with low growth rates compared to
those with high growth rates. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|